Unlikely Small Town Was Named Best Town In Michigan To Retire

As we get older the thought of retirement is always on the horizon. For my fellow Millenials out there, I'm sure there's a good portion of us who are never going to be able to retire considering the economic landscape we inherited, but we can only hope that some of us will make it to retirement, before being side-hustled to death.

For Boomers and Gen X though, life is good, and you were most likely in a decent situation growing up that led to a substantial amount of money being able to be put away, given many people were making a liveable wage back then. So now that the hard work is nearly through, where should you retire? One company believes they have the answer, which they say is the best town to retire in Michigan.

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MSN put together a list for every state.

How Did They Determine The Best Town To Retire In Michigan?

A 2024 analysis of U.S. Census Bureau data found that in 2023, more than 338,000 Americans relocated upon retirement, the highest number in three years. With home prices soaring across the country—and many retirees not having enough savings to get through their golden years—small towns can appeal to those who want a slower pace of life and lower cost of living.

Who Did They Use As A Source For Their Study?

In seeking to help prospective
retirees, Stacker referenced Niche's 2021 Best Places to Retire study, released in August 2021, to list 50 small towns that offer the best retirement. The focus was on towns with a population of less than 40,000.

So where is the best place in Michigan to retire? MSN says of all places, Bingham Farms is the best place to go. It's located within Southfield Township, and I can confirm you have to be DUMB rich to live in this area. So ya, Millenials, if you're still reading this you can leave.

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However, if you're of the generation that WILL be able to retire, here's the breakdown of the area:

- Population: 1,129 (16% age 55-64 and 48% age 65+)
- Homeowners: 89% of the population
- Renters: 11% of the population
- Median household income: $131,071

Enjoy retirement, let us know what it's like. I'm not salty...

Here Are The Best Cities To Retire In Michigan - Ranked

There is a list out there, compiled to help people in Michigan figure out the best places they'd like to retire to. We of course took that into consideration, but we added our own spin to it as well, adding in a few of the best locations you can live, here in the state of Michigan.